How Two University Dropouts Who Amassed Over Rs 1,000 Crore In Just Two Years Became A Household Name

To modernize the concept of buying, selling and delivering groceries, Zepto, a platform that enables 10-minute delivery, was developed. Using Zepto’s e-Grocery delivery app, customers can conveniently order from over 2500 products and get them delivered at their doorstep. The business was established during the pandemic and is currently valued at $900 million (7398 crores). Zepto, the app, was founded by Adit Palicha and Kaivalya Vohra, two childhood friends, now in their early 20s. He achieved this after dropping out of Stanford University’s acclaimed computer science program.

Zepto: The Tale of the Dropouts

Adit Palich, who is from Mumbai, attended Stanford University to pursue a degree in computer engineering before leaving Zepto. For starters, Adit Palich founded Gopool when he was only 17; Thus, Zepto is not his first business endeavor. Additionally, he is the brains behind the Invasive AI Project. Zepto’s CTO Kaivalya Vohra also attended Stanford University to study computer engineering, but like Adit Palich, he recognized his talent and decided to launch Zepto.

Zepto: How the Journey Begins

When he returned to India, he first established Kirana Cart, a business offering grocery delivery services. But it lasted only for 10 months. Their product was not a market fit, which was the main factor in its downfall. So he decided to stop running this firm. Zepto was introduced in April 2021 by Palicha and Vohra. He developed the concept as a result of the restrictions of the COVID-19 outbreak. Due to the increase in demand for delivery services, groceries and other essential items will take a while to arrive, leaving a gap for quick delivery.

Zepto: Net worth 7,500 crores

Zepto was awarded a wider range of weapons to bridge the divide. In just nine months of operation, their valuation climbed to $200 million (₹1649 crore). Zepto’s concept quickly gained popularity. In just 2021, the company completed 10 lakh orders. In December, the company’s valuation crossed $570 million (. In the previous year, they were estimated to be worth around 7,500 crores).

If you want to be a successful entrepreneur and run a start-up, you must take chances. Two Mumbai natives Adit Palicha and Kaivalya Vohra took it upon themselves in 2020 and created Zepto. He had no idea that he would soon become successful. He was only 19 when he made this choice. But now according to the 2022 IIFL Wealth Hurun India Rich List, Adit Palicha’s net worth is expected to exceed Rs 1,200 crore. And the net worth of Kaivalya Vohra is Rs 1000 crores.